Luxury Hoteliers Magazine 3rd Quarter 2017 | Page 16

YOU’VE PRODUCED BILLIONS OF INCREMENTAL REVENUE DOLLARS FOR YOUR CLIENTS. WHAT IS THE SECRET TO A SUCCESSFUL INCREMENTAL REVENUE PROGRAM? It is common for clients to ask us this very question, particularly when we support multiple locations and some outperform others. First and foremost, our success is directly impacted by the engagement of the people involved. Over the past two decades, we experienced firsthand the influence an engaged team (led by engaged leadership) has on performance, job satisfaction, and ultimately the success of our program. Engagement is a popular word in today’s management literature, but for FPG, it is more than a concept— engagement is our life’s blood. Our upfront focus on engagement is the first step toward producing bottom- line results for our client. Think of an average performer—someone who does only what is necessary to stay in good standing, but does not go above and beyond. Now compare that person to a top performer— someone who lights up the room and can be counted on to drive results. The difference is what we call “discretionary effort.” The real secret to achieving program success is unlocking discretionary effort in as many team members as possible. Beyond an engaged team, the success of a revenue program is also largely driven by the impact it has on guest service. We don’t just focus on generating revenue, we focus on enhancing the guest experience. We don’t use the word upsell, we say upgrade. A family of four might have a better experience upgrading to a parlor room with an additional TV. That business traveler with an early meeting might be interested in learning about your add-on breakfast 16 ILHA package. Even if they decline, guests will appreciate the effort to accommodate their needs, thus increasing overall guest satisfaction. We have a guest-focused, not a sales- focused approach—that is why we are successful. FPG RECENTLY LAUNCHED A REVENUE OPTIMIZATION APPLICATION, IN-GAUGE. WHAT INSPIRED YOU TO INCORPORATE TECHNOLOGY INTO YOUR BUSINESS MODEL? We did not originally embark on a quest to build software. Our original intent was to gather insights into employee performance, and then present this data to clients in a meaningful, actionable way. However, once we gained this level of intelligence, it prompted more questions, and as it turned out, those same questions were also important to our customers. For instance, once we saw the outcome of performance, the question became “What actions impact performance, what triggers those actions, and how do we correlate those actions back to the outcomes?” This cycle of actions, outcome, and measurement became the foundation of our system architecture. We used every version of the system internally, leveraging it as a tool kit in the delivery of our services. We soon discovered that this software does more than just monitor and measure performance—it helps improve performance, as well as engagement, ownership and overall service. After witnessing the incredible impact this software had on our own team, FPG knew we had to make it available for other businesses. IN-Gauge takes our impact on performance, engagement, and revenue optimization to the next level. Front desk agents are able to track and measure their own performance, while setting goals and monitoring their progress. This has a significant impact on engagement and overall performance. Furthermore, managers receive detailed insights to individual and team performances, allowing them to identify top performers and develop lower performers through customized coaching, training, and e-learning. IS IN-GAUGE JUST FOR THE FRONTLINE, OR CAN IT ALSO BE USED IN OTHER AREAS OF HOTEL? The value of IN-Gauge goes far beyond the frontline—it is ideal for executives, stakeholders and business owners. IN-Gauge helps them identify gaps in business performance, recognize operational opportunities, and pinpoint actionable items that drive profit. For example, hotel operators can compare and benchmark property performance side-by-side, analyze profit contribution of products and services, understand the KPIs that drive revenue, and set top-down goals based on proven results—all instantly, on a day-to-day metrics. IN-Gauge is especially valuable to hotel owners with multiple properties, as they are able to stratify by country, region or property for a comprehensive view of financial progression. FPG MADE FORTUNE MAGAZINE’S BEST 100 WORKPLACES. HOW DID YOU CREATE A FORTUNE 100 CULTURE? Building a Fortune 100 culture is about the commitment to always do right by your tribe, and in return, asking them to do the same for the company and each other. We provide our customers leadership training and one of the key concepts is: Your customers will be treated the way your team members are treated.” Many